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| In article <K7IZb.67140$KV5.37241[at]nwrdny01.gnilink.net> , squeaky88th <squeaky88th[at]yahoo.com> wrote: - quote - > I used my home equity line of credit to buy a piano. I can sell all my
I think you just answered your own question. Assuming that the> stocks, > mutual funds and index funds to pay it off. Should I pay it off all at > once, or > in installments? The line of credit rate is 5.25%. The reason I ask is > that so > far, my investments have been doing well and I'm hesitant to get out. H/E loan is tax deductable, the real interest rate is more like 4%. As long as your other investments are doing better after taxes, stay invested and do the best you can with the loan. If you are not comfortable with debt, then ignore the mathematics and do what makes you sleep well at night. On the other hand, if your stocks, mutual funds, and index funds are in an IRA, 401K, or other qualified investment, then I would suggest you to not touch them until retirement. -john- -- ================================================== ================== John A. Weeks III 952-432-2708 john[at]johnweeks.com Newave Communications http://www.johnweeks.com ================================================== ================== |
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| I used my home equity line of credit to buy a piano. I can sell all my stocks, mutual funds and index funds to pay it off. Should I pay it off all at once, or in installments? The line of credit rate is 5.25%. The reason I ask is that so far, my investments have been doing well and I'm hesitant to get out. Thanks in advance. |
| Tags |
| back, equity, home, loan, repaying |
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